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  • As of December 2023, Johannesburg had the highest number of millionaires (12,300) in Africa; Cape Town followed with 7,400 millionaires. South Africa dominated the list, with its cities and regions claiming top spots.

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    Global inflows of foreign direct investment fell by 12% in 2022, and Africa saw a 44% decline from $80 billion in 2021 to $45 billion. According to UNCTAD data, only two of Africa's five major regions — North and East Africa — saw a rise in FDI in 2022.
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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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    Africa's sanitation crisis is alarming, with 17 of the top 20 countries having the highest open defecation rates.

    Eritrea (67%), Niger (65%), and Chad (63%) lead, putting millions at risk of disease.

    Even Nigeria, the most populous African country, has 18% of its population practising it.

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  • Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

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    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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  • Nigeria collected nearly ₦5 trillion income tax from companies in 2023. The amount collected in 2023 is 3.5x the collections in 2015 and 73% more than in 2022. Here are Nigeria's company income tax collections since 2015.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

    See more
Other Insights
 
  • Libya leads Africa with 48.4 billion barrels of recoverable oil, the continent’s highest.
  • Nigeria ranks second with 37.3 billion barrels, accounting for about 27% of reserves among top holders.
  • Algeria holds 12.2 billion barrels, rounding out the top three and far ahead of other nations.
  • Sudan, Egypt, and Angola each contribute between 2.5 and 5 billion barrels, showing smaller but notable reserves.
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  • South Africa leads the continent with a vast 20,986km rail network, nearly triple the size of Sudan’s, the second-largest.
  • Nigeria’s rail infrastructure measures 3,798km, ranking it behind Kenya (3,819km) and DR Congo (4,007km).
  • North African countries like Egypt and Algeria maintain significant rail mileage, exceeding 4,000km each.
  • Southern Africa dominates the top five, with Mozambique and Zimbabwe also featuring prominently.
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  • Zambia recorded its highest-ever FDI inflow in 2013 at $2.10 billion.
  • After dipping to a negative inflow of -$0.07 billion in 2022, Zambia recovered to $1.24 billion in 2024.
  • The country experienced its first billion-dollar inflow in 2007, marking a turning point in foreign investment.
  • FDI inflow was consistently below $0.5 billion throughout the 1990s, indicating limited investor confidence during that period.
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  • Algeria leads Africa with 41 active oil rigs, making up nearly 29% of the continent's total count.
  • Nigeria follows with 31 rigs, confirming its strong position in West Africa’s upstream oil activity.
  • Egypt ranks third with 23 rigs, while Libya maintains 18 rigs despite its fluctuating political climate.
  • The top seven countries host 122 of Africa’s 144 rigs, showing drilling operations are concentrated in just a handful of nations.
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  • July 2025 saw the ASI rise by 8.6%, the largest monthly jump in over a year.
  • The index grew steadily for four straight months from April to July 2025.
  • ASI climbed from 99.5K in June 2024 to 126.7K in July 2025, a 27.3% increase overall.
  • August 2024 recorded the sharpest monthly drop at -2.9%.
  • December 2024 and January 2025 posted back-to-back strong gains of 2.5% and 3.8% respectively.
  • May and June 2025 saw healthy gains of 4.2% and 6.6%, paving the way for July’s surge.
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  • Manufacturing hit a record $64.90b in 2022, after steady growth from 2016.
  • Output fell 55% to $25.36b in 2024, the worst one-year drop since 1999.
  • Military-era lows: Slumped from $33.33b (1981) to $8.08b (1989).
  • Democratic rebounds: Output grew from $9.62b (1999) to $55.33b (2014), and from $35.12b (2016) to $64.90b (2022).
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  • Ronaldo leads the UEFA Champions League scoring chart with 141 goals, ahead of Messi's 129.
  • Salah and Drogba are the only two African players in the top 20 scorers list.
  • Just 8 goals separate the 10th and 20th-ranked scorers, showing how tight competition is outside the top ranks.
  • Haaland and Mbappé are the only two players under 30 in the top 15.
  • Legendary players like Neymar and Ibrahimović never broke into the top 10 despite long careers at top clubs.
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  • Starlink is cheaper than traditional ISPs in five out of the twelve African countries analysed.
  • Zimbabwe has the widest price gap, with traditional ISPs costing over 21 times more than Starlink.
  • Nigeria currently offers the cheapest traditional ISP plan at $9.59, undercutting Starlink’s price by a wide margin.
  • In Ghana and Kenya, Starlink’s monthly subscription is less than half the cost of the leading ISPs.
  • Only slight differences exist between Starlink and traditional ISP prices in Zambia and Botswana, indicating near-parity.
  • Mozambique and Cape Verde have moderate Starlink price advantages, suggesting potential for market competition.
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  • Sudan recorded the steepest GDP decline in Africa in 2024 at -13.49%.
  • Botswana’s economy contracted by -2.99%, the second-worst on the continent.
  • Libya was the only other country in the bottom 10 with negative growth at -0.61%.
  • South Africa, with 0.58% growth, continues to struggle with low economic momentum.
  • Sao Tome & Principe and Equatorial Guinea both recorded growth below 1%.
  • Despite being Africa’s largest economy, Nigeria’s 3.43% growth places it closer to underperforming countries than to the continent’s fastest risers.
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  • Rwanda recorded the highest GDP growth in Africa in 2024 at 8.89%.
  • Six out of the top ten fastest-growing economies in Africa are from West Africa.
  • Niger and Benin posted impressive growth rates of 8.42% and 7.45% respectively.
  • Nigeria, one of Africa’s biggest economies, had a growth rate of 3.43%, below countries like Senegal and Cabo Verde.
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  • Ikeja DisCo leads with a 78.45% metering rate, having metered over 1.03 million customers.
  • Abuja DisCo follows closely with a 71.60% metering rate and over 924,000 metered customers.
  • Ibadan has the highest number of registered customers, but only a 44.23% metering rate.
  • Kaduna and Kano have alarmingly low metering rates of 24.92% and 24.77%, respectively.
  • Yola DisCo has the lowest metering rate at just 14.45% of its 824,700 customers.
  • Eko DisCo has a relatively high metering rate of 63.92% despite having fewer registered customers.
  • Only 4 out of 13 DisCos have metered at least half of their customer base as of March 2025.
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  • Kano DisCo recorded the highest increase in metered customers with a 330.75% rise in just one quarter.
  • Aba DisCo more than doubled its metered customers, increasing by 116.87%.
  • Ikeja DisCo, despite being a top performer overall, saw a 23.62% drop in meter installations.
  • Enugu and Eko also recorded declines in quarterly deployments by 12.31% and 4.02% respectively.
  • Ibadan DisCo deployed the highest number of meters in Q1 2025 but grew at a moderate rate of 15.09%.
  • Yola DisCo experienced the steepest decline in the country, dropping by 56.70% in metered customers.
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  • South Africa sets the benchmark with the fastest average download speed (42.42 Mbps), more than double Morocco’s (19.61 Mbps).
  • Southern African countries dominate the top half of the ranking, with South Africa, Eswatini, Botswana, Lesotho, and Madagascar all featuring strongly.
  • Rwanda and Mauritius show East Africa’s progress, with average speeds above 30 Mbps, signalling solid digital infrastructure growth.
  • Wide disparities persist, with the gap between the highest (South Africa) and lowest (Morocco) averaging over 22 Mbps.
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  • Sudan sits at the bottom with an average speed of 4.02 mbps, far below the continental average.
  • The Central African Republic follows closely at 4.08 mbps, making Central Africa a weak spot for digital connectivity.
  • Somalia, despite topping the list, averaged only 6.64 mbps, showing even the “fastest among the slowest” remains well behind global standards.
  • The concentration of slow speeds in East and Central Africa points to persistent infrastructure and investment gaps.
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  • South Africa is the clear leader, recording a bond market volume of $328.8 billion and 2,952 issuances, far ahead of all other African economies.
  • Egypt and Morocco follow as strong contenders with bond volumes of $188.8 billion and $116.4 billion, respectively, though both trail South Africa by wide margins.
  • Côte d’Ivoire, Algeria, and Nigeria represent the mid-tier, each exceeding $65 billion, showing notable regional financial activity.
  • Smaller markets like Tunisia and Angola feature relatively lower volumes ($16.9 billion and $28.4 billion) but maintain significant issuance activity.
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  • South Africa dominates with 41,100 millionaires, accounting for more than 1 in 3 African millionaires, far ahead of any other nation.
  • Egypt (14,800) and Morocco (7,500) round out the top three, highlighting North Africa’s wealth concentration.
  • Nigeria (7,200) and Kenya (6,800) confirm West and East Africa’s growing wealth hubs, though still far below South Africa.
  • Mauritius (4,800) and Seychelles (500) rank surprisingly high relative to population size, showing their role as finance and wealth management hubs.
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  • Kenya’s total fraud exposure in 2024 hit KES 2.0T, with KES 1.6T actually lost.
  • Mobile banking fraud was the largest contributor, with KES 981.7B exposed and KES 810.7B lost.
  • Mobile banking had an 82.6% loss rate, making it one of the riskiest fraud channels.
  • Computer fraud and internet scams recorded 100% loss rates, showing no funds were recovered.
  • Identity theft saw 97.9% of exposed amounts lost, translating to KES 199.1B.
  • Card fraud had a lower loss rate (59.9%) but still cost banks and customers KES 263.3B.
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  • Morocco achieved the highest cumulative surplus in Africa’s digital trade at $26.4 billion between 2005 and 2024.
  • Mauritius and Tunisia followed distantly with surpluses of $8.7 billion and $4.4 billion, respectively.
  • Nigeria and Angola recorded the deepest deficits, each exceeding $90 billion cumulatively.
  • Africa’s overall digital trade balance remained negative, averaging a -$618 million deficit in 2024.
  • Smaller economies like Kenya and Togo managed modest but consistent surpluses over the years.
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